A pricing service provider settled SEC charges for failing to disclose to customers that its independent pricing service could, at times, reach a valuation that would be largely driven by a single data input.
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A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.
A global securities pricing service settled SEC charges for compliance failures related to delivering quotes to clients received from a single market participant.
The SEC charged an SEC-registered investment adviser with engaging in a scheme to inflate the value of securities held by several private investment funds.